Netflix Signs Deal for Warner Brothers, Turner Broadcasting Content

Netflix (NASDAQ: NFLX  ) has signed a licensing agreement with Time Warner's (NYSE: TWX  ) Turner Broadcasting and Warner Brothers Television Group that will allow Netflix to stream past content from Cartoon Network, Adult Swim, Warner Brothers Animation, and the TNT show Dallas.

The deal, which is set to allow Netflix to begin streaming as of March 30 of this year -- and in January 2014 for Dallas -- will make available for subscribers such animated shows as Johnny Bravo, Adventure Time, Robot Chicken, and more.

Ken Werner, president of Warner Bros. Domestic Television Distribution, was quoted in a company press release as saying "This represents another evolutionary step in the TV ecosystem working with Netflix, on the SVOD [subscription video on demand] platform, to improve the consumer experience while being respectful of existing business models." The press release did not give financial details of the deal and said it was multiyear, but did not specify how many years it will run.

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